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immigration system it cannot be what it is destined to be. >> a few days after the election when the republicans looked at the figures from the president how mitt romney had done with hispanic voters, there was like a 44-point gap. they said we need to do something aggressive on immigration. but it wasn't a couple weeks. republicans couldn't agree on what needs to be done, the fervor seemed to have already cooled. how do you get your own party on the same page, let alone bring on democrats? >> i disagree. i don't think that's what is happening. what is happening, the concept of immigration reform, there is a lot of consensus. the details of immigration reform need to be examined. i'll give you an example. we have millions of people waiting to come here legally and they come to my office and say we have done it the right way, waited, paid the fees, but you are telling me if i came here illegally it would have been faster? it didn't seem right. that is the kind of debate we are going to have. on the ag worker-guest worker, there are labor unions that are not in favor of a guest wor
they will aspire. >> more with the publisher of conservativeblackchick.com tonight. >> now , a debate on elections in muslim countries following the arab spring. this was part of a daylong forum hosted by the tens of democracies. this is just over one hour. >> good morning everyone. thank you, bob, for that introduction and thank you all of you for coming out early this morning for what i think will be a lively debate. we are going to be asking the question if democracy is to triumph in the middle east, victories at the ballot box are unavoidable and essential. this is the motion we will be debating in the intelligence- squared format per requests from our panelists who have done this once already -- they have had a practice round. they have not had a chance of doing this, but i suspect, had probably had several scotches and talked about ways to defeat their foes. we know that this is a time of revolution in the middle east. it started with a fruit sell seller in tunisia and toppled a 230-year dictator that spread to egypt and the egyptian revolution was concern to the united states. egypt has lon
, to find a path to work. >> that's what the american public has said clearly in this last election they are tired of partisanship polarization. so we made an outreach. to the governor's credit we had meetings. they know when it came time to made make the leadership decision to say, okay, we can do more working together than dividing. i think he wanted to do it but, you know leadershipwise we have seen this happy happen over and over again. when the right-wing puts a bill up endings dues deductions limiting public bargaining rights lessening healthcare, lessening pensions the governor signs it. it's not on his agenda. >> he has to fall in line. right? >> yeah. >> let me play devil's advocate. those who are watching who may not be in a union, they might say in wisconsin and in michigan and in the last election labor attempted ballot proposals that were unsuccessful is there a different strategy this time? how can the message change to be relevant as you have tried to do here in this conversation to those who are not in the labor movement? what will be your nex
and cantor says no, where are we? the president, calm, cool and collected and remembering what this election is all about. get your cell phones out. tonight's question. the president, calm, cool and collected and remembering what this election is all about. get your cell phones out. tonight's question. will republicans punish e speaker boehner for trying to work with the president? text a for yes, b to no to 622639. we'll bring the results later on in the show. joining me tonight is congressman emanuel cleaver from missouri. great to have you with us. >> good to be with you. >> i'd like to talk about the congressional black caucus if i could. they have been very, very strong about do not touch the entitlements, we're not going to move on this. so you have the president not moving on rates. you have your caucus moving on entitlements. although you said the democratic leadership -- you said you could support means testing for medicare. what does that mean and how far are you willing to go. >> first of all, social security is off the table. there are not only 42 members in the congressional bla
and new election would have to be called in 30 days of that happening. some analysts say his choice is not a shoo-in. >> what you need to consider here the opposition is strong position in venezuela. they did exactly well in the october elections. they are in a prime position to exploited the crisis in the regime. i don't think maduro is a shoo-in necessarily. >> he added if he were to be elected president of venezuela he would be as every bit as bad as u.s. ever since chavez took over venezuela his country as taken on a steady anti-american tone. he developed friendships with some of the world's worst dictators. no now, at least publicly chavez appears to be up for the continuing battling with cancer telling his people, quote, with god's will we will come out of this victorious. i have faith in that. that is a quote from chavez. >> gregg: arthel nevil, thanks. >> heather: as we mentioned we have just learned that president obama and house speaker john boehner met today at the white house to talk about ways to resolve the fiscal cliff. meanwhile, we have brand-new reaction from lawm
on the right last time just before the election when you saw a lot of people who just didn't believe the number, didn't want to believe it, but i think the growth in this number, the consumer confidence we've seen, some of the good trending economic data is part of the reason why barack obama won this election. consumers, job seekers are basically feeling a little bit better. the trend is good. i think that was the margin of difference here in large part for the president. >> i want to bring in our panel here and ben, you're an expert in all things related to the economy. ayman thinks these numbers have strengthened the president's hand here. i guess continuing in the vain of what's up is down and down is up, in some ways doesn't it sort of hurt the broader argument, though, from the left regarding unemployment benefits and the payroll tax cut? these are parts of the fiscal cliff negotiations we have not paid a lot of attention to, and also the white house's argument about further stimulus spending, undermined by this notion out there based on these numbers that the economy is recovering? >> ye
got elected on this time and what was most present in the populous mind is he needs to stay strong on what he was elected on and what he said he was going to do. host: this is from the facebook page. the question is, what do you think the president pose a number one priority should be. brian is joining us from texas on the republican line. caller: good morning. i am down here in texas and we voted the other way. the number one thing i see is jobs. you have economic growth, you have money to in the system moving. getting to the people that need it, not the people sitting in washington, d.c. i was just listening to what mr. obama was hanged and all of the things he promised in 2008, and now with a new election, and demanded, raising taxes and $1.60 trillion in texas. how is that going to help anybody? people do not have the money now. where are we going to get it? coming from the government, everybody thinks that are entitled to something. thank you for the call. the top solution is to break the congressional gridlock. north dakota on the democrats' line. caller: good morning. the nu
this, he's trying to distance himself from it right now. >> the president got re-elected. he's claiming he got re-elected in part because he wants to tax that 2%. he cannot go back on that. in the meantime, congress most of the republicans signed the grover norquist pledge which says you cannot tax that 2% more than anybody else. you can't increase the taxes. so we're at a stalemate and someone has to give and i don't see anyone giving right now. >> bank of america today commented on the let's jump crowd. the bungee jump crowd for which they think is a scenario. >> you wonder how much of that is in negotiating position. embraced early on by senator schumer, new york state's senior senator. we'll see. you know, there are those who believe if you want deficit reduction and are serious about it, we have one way to get there and it's called the fiscal cliff and will send us into recession but we may get deficit reduction but others believe we won't get spending cuts that we need. more will take place in defense which many argue does need to happen perhaps though not in the same way it does.
much better run during katrina describing similar observations many local residents and elected leaders are saying the agency isn't prepared to respond to disasters particularly in urban areas. at the least, the congressman hopes hurricane sandy is a major wake-up call. >>neil: you putting in a long day. >>guest: hour 13 and counting. >>neil: thank you. billions in aid is requested to help with the hurricane sandy and a big chunk of that will get doled out by fema but my next guest should they get rid of the middleman and get the money directly to the victims. my guest survived san difficult but his home did not. how is it now? >>guest: we are rebuilding, starting to rebuild. i have flood insurance. people this is flood insurance are worse off. if you lost your house, you have a cap and everything that you heard from the reporter, the stalling and the delay and they didn't know how to approach the situation, because there are three million people involved, or, maybe more, from jersey all the way to long island, you had maybe eight million that could be affected and in katrina it was onl
you know what your elected officials are doing. passing a bill to ban the word lunatic. >> gretchen: people will not be able to watch and call us that. should we give billions of hard earned american dollars to egypt even though we can't pay our own bills? congressman bucan an said it is amoral. >> the pent depon is preparing for massive cuts. pentagon today is scaling back and became the triangle. ♪ ♪ are you ready for this? ♪ snot ♪ nouncer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, evertime. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpn pie. and apple. 3% back on 4 trips to the airport. it's as easy as.. -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankameric
for every $1.50 in revenue. yet you saw the only proposal come from him sense the election was four dollars in revenue for one dollar in cuts. it was $1.6 trillion in revenue and $400 trillion in cuts and $300 trillion in additional stimulus spending in addition to that. but completely the opposite in cracks to his own campaign pledge. what we've been trying to do, greta, is hold his feet to the fire and say speaker bain wares clear the day after the election. he said mr. president, you won, but so did we. the mandate we have is to work together. we are willing to honor your ledge pledge of $80 billion a year from the wealthiest, which is what you said during the campaign, the $800 billion, but we need the $2.50 for every one dollar in cuts and the president has been completely unwilling to specify those cuts. >> here's your problem. other than the snapshot of the president in swim trunks in hawaii while we go off the fiscal cliff, which is a bad photo op, or if he delays his trip for two days but sends his family off so we are paying for few flights to hawaii, other than that, what do you
is the uncertainty of the election which held back business investment. for quarter definitely will be weak but the next year i think 2.5 to 3% growth. >> thank you. dave: one of the smartest people in america, no doubt. thank you, good to see you. the clock is ticking away to major tax hikes for everybody. john boehner saying there is no progress to report. so what is going on inside the beltway? we will head there to try to find out. brian led that tells us how the new 60-40 portfolio should look. [ woman ] ring. ring. progresso. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... onyour head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. . . . .. david: come january 1st, no matter which tax plan is put in place the federal government will still spend trillions of dollars each year. lauren: we talked taxes. now let's former cbo director says these cuts fail to control the greatest deficit challenge, federal health care spending. >> the future path of mandato
? >> well, piers, as you know, there were a number of efforts before the election to get this done and there were major differences between the parties, and those parties became a big part of the conversation during the presidential debate. the president could not have been clearer that he wanted to do two things. he wanted to boost economic growth by doing things like investing in our infrastructure which used to be a bipartisan idea, but also, extending middle class tax cuts and as you said, asking the wealthiest to pay a little bit more to reduce the deficit. that was part of the conversation. so we would hope that the election would break a little bit of this logjam. obviously that hasn't happened yet. the president's put his plan on the table. i'm still very hopeful, piers, that we'll get there. i agree with you, it would be better to get there sooner rather than later. time is running out. no doubt about it. >> one of the big problems it seems to me is the relationship between john boehner and barack obama. just seems deeply flawed. they're at a party and they couldn't be bot
and that's one reason he's going. he wasn't happy with the 2012 elections. do you think conservatism just didn't make the case in the elections last november? >> we always have to do a better job at how we speak about liberty, the constitution and how inclusive it is and how it offers things to people who have not yet experienced the fruits of liberty. so i think we can always do a better job. what i will say about jim demint is he has started and brought some liberty-minded libertarian/conservatives to the senate. we have a pretty good caucus now. there's a real strong jim demint influence in our caucus. >> great stuff. senator rand paul, kentucky, thank you sir. all the best. >> thank you. >>> so besides praising jim demint, senator rand paul said something very interesting. he said he will not vote for a filibuster. he said, let larry reid, no filibust filibuster, 51 vote, simple majority and then he will vote no and let the democrats have the onus of the big tax hike. quite interesting. now here's a political threat. is the republicans at risk of becoming the party of the rich while p
the day after the election to put receive news on the table to take a step toward the topt try to resolve. this when is he going to take a step towards us? >> can you see some way you can agree to tax rate increase and protect small businesses at the same time, maybe going with the 37% or some middle ground? >> there are a lot of things that are possible. but none of it is going to be possible. the president insist on my way or the highway. that's not the way to get to an agreement that i think is important for the american people and very important for our economy. thanks. >> minority leader me lows si speak today. here are her remarks. >> this morning we received the news that the economy added 146,000 jobs last month. the unemployment rate fell to 7.7% and we mark the 33 reasonable doubt consecutive month of private sector job growth. our economy is moving forward but it could be growing at a faster rate if the republican leadership had taken up and passed some of president obama's job initiatives including the american jobs act and had passed the middle income tax cut. having done tha
less than he offered before the election and also raises the money taken out of medicare and medicaid by $62 billion. how democrats or anybody could except that -- could accept that. the average folks here in america do not want to pay their fair share. they cannot argue the point that everybody has to give a little bit more to help us eliminate some of this debt and keep the country going in a positive direction. host: did you see the reaction from harry reid? caller: [laughter] host: let me read a portion of that. that is what the democratic leader in the senate had to say about yesterday's counterproposal put out by house republicans. we noted in this letter sent to the white house from the speaker also includes the signatures of paul ryan as well as eric cantor and the rest of his leadership team seems to be on board. here is the chairman of the republican study committee's statement. so here are the opening offers in "the washington post." time." there is the side-by-side in the "the washington times" this morning. a democratic caller, what do you think? caller: by listening at w
to stress the need for elected officials to act. for not only has the passage of time exacerbated some of the economic problems, it has revealed a perhaps equally-dangerous political one. our inability to grapple with pressing fiscal challenges represents nothing less than a crisis in our democratic order. compounding the instability and unpredictability in a volatile world. our propositions for this coalition are simple. the national security of the united states depends on its economic health. that health must be insured by averting the immediate crises and by laying the groundwork for a rigorous, long-term program of debt reduction, smart investment, economic growth and lower income inequality. in national security spending, we can target investments much more efficiently in response to threats that are evolving before our eyes. and resources need to be shifted toward nonmilitary elements of our national security posture. in the immediate term -- and by that i mean over the next four weeks -- we must avoid driving our country over the fiscal cliff. no partisan ideology is worth the
that president was in cambodia right after the election. he was in burma. secretary clinton moved widely throughout the region as does secretary panetta. and the amount of activities that i do and my forces do have been a prompt jump in what we've done in the past, and we're looking for opportunities to do more exercise. we're doing more of those things already. i think it's visible to our allies. i think it's visible to our partners. not to be invisible to the region. we also want to jump, where's the next summary our aircraft carrier, that's always the sake of. and we will, over time as you heard secretary panetta said, we will rebalance our navy towards the pacific, and i party mentioned in my opening remarks, we are rapidly moving our most capable assets in the region because of some of the ballistic missile defense will be facing of those types of things. so i think it's not about one thing. it's about a holistic approach, and what if you on the military side is only one aspect of a. it's got to be tied to what's happening in the economic side in what's happening in the diplomatic s
all know that was a kingmaker over the last two election cycles, a kingmaker on the tea party side. he is probably the person responsible for getting five tea party-backed members into the senate, including the most famous, marco rubio. he was backing marco rubio when established republicans were backing charlie crist. he says he can do more as an ideas now over at heritage, the oldest think tank on the conservative side. keep your eye on the governor of south carolina, she's a republican, it's up to her to pick a replacement to serve for two years who will she pick? that's what everybody wants to know. >> all right. thanks. >>> in egypt, opponents of president mohammed morsi are expected to take to the streets again. they were out in force last night in cairo chanting it was time for their president to resign. their anger was sparked two weeks ago when morsi granted himself sweeping powers. last night, morsi refused to rescind that decree, despite calls from proponents calling for him to do so. >>> the photographer who took a picture of a man standing on the subway tracks as a train a
. >> in a few days after the election when republicans vote didn't have the president has been disbanded voters like a 44-point gap. right away they said we need to do something aggressive on immigration. but it wasn't a couple weeks. republicans already couldn't agree on what needs to be done. how do you get your own party on the same page, devout democrats? >> i disagree. i don't think that's it's happening. what happens is the concept of immigration reform is one of consensus on the details of immigration reform with every major piece of legislation. we have millions of people who come here illegally. a lot of them come to me and say we've done it the right way and we didn't pay the fees, the churchgoing may somehow affecting the legally legally it would have been faster? it didn't seem right, so people are troubled by it. that's one example of one debate we will have. there's going to be invited to bid in the democratic party. as labor unions i'm in favor of a guestworker program. they will have an internal party debates. there's no magic solution. it's important to do and i believe we can.
just had an election. the people overwhelmingly know why we have this debt. the polling right before the election showed that the vast majority of the american people realize that the debt was caused by george bush. that is a fact. mr. president, we have another judge report coming out tomorrow here we have a little problem because of what happened with hurricane sandy. but we will still have about 100,000 new jobs. we are approaching about 4 million jobs now that have been created. that does not merely make up for what was lost during the bush years, but we are making progress. people in america realize we cannot have a top-down economy that the republicans so glove during the bush years and they wanted to create begin with governor romney. mr. president, i would be happy to take -- and they want to have again beginning with governor romney. mr. president, i would be happy to take a look at the proposal. if that is what they want to do, i would be happy to seriously take a look at that and report to the white house and my caucus. but until then, i object. -- r. president >> that has
still need to see the full impact of sandy. also with the election over, there aren't any sort of bigger imt implications for the presidential race. because the numbers are so foggy, the federal reserve isn't likely to look at this number as a real trend maker. the central bank. it's already said it keeps stimulating the economy even after the labor market gets better. we know this isn't likely going to steer the central bank in one direction or another. you flip the coin over, though, you have this people who say this report is very important. it's going to be driving the conversation on the fiscal cliff. we only have 25 days until the tax hikes and spending cuts start to take effect. here is the thing. this number came in much better than expected, don. so the bad part about this is that it may not motivate all those politicians on capitol hill as much as it may have, if it came in much weak er. this may not light the fire, so to speak. that could be the downside to the upside surprise to the number. don? >> alison, stick around. we'll get back to you as well. >>> from wall street now
the election. >> i think once, you were out that day, but great to see you stuart. how have you been? >> i'm recovering from the election. >> glad to hear it. what i'm seeing with the dividends, charitable contributions speeding up. people are trying to avoid the tax increases they know are going to hit them next year, the rich avoiding the tax on the rich policy, isn't it? >> well, who can blame them, right? this is a classic example of unintended consequences, when you start talking about raising taxes, people take action to reduce their liability. that's human nature, that's common sense. on this, on the stories you cite, stuart. two quick comments, number one, you can be pretty certain, dividends and capital gains will be taxed higher because of that 3.8 sur tax because of obamacare, that you can count on. second story, charitable contributions that's not ascertain as the 3.8% sur tax. >> i don't think we're going to see any restriction on the mortgage interest deduction. i don't predict that's going to happen. only 27% of people claim the mortgage interest deduction is a relatively sm
, people were saying you got to incorporate poll workers for the election. you had holiday hiring. you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look,
thinks since he won the election, he should get his own way. he wins and the taxes on everybody. a one term president was not suggested until president obama said "elections have consequences, and i won the." it was after that that the statement was made. they have roadbed dead horse for miles and miles and miles and it is getting bad. what that meant was it was his way or no way. that is why people said they were working towards a one-term president for him. obama is trying to wreck the economy so he can set up his socialist and communist government and agenda and people will be weak enough they will accept it. host: sarah from west virginia. let's of columns in the paper today. here is one from "the washington times." i want to take you to "the washington post." i want to go to janet from massachusetts on the democratic line. caller: good morning. how are you? i just wanted to say i remember when the bush gave us all $250 per adult for our tax cuts. you add those up and it becomes quite a big sum of money. it is a pittance for individuals, but it is a big amount of money. that was th
. >> you are okay with this. >> i hate it at princeton where i went. 155 faculty the last election gave to obama. two guys gave to romney. one was a janitor. one was a visiting lecturer. yet the education i got was very one-sided. that's the way it is. all we can do is speak out. >> bill: that's the difference between you and me. i don't want to accept it. i'm struggling for a way for the state to be fair to the taxpayer. and i think that there has to be some standards. >> there is a good way for that stop paying for any of this stuff. >> bill: then the poorer kids don't get to go to college. >> they would be so rich lots of charity. >> bill: you can't depend on that. >> tuition would be lower. >> bill: you say it would be lower but i don't think so. i think the reason the state university is in play is to give people who don't have a lot of money a chance to go to school because they can't afford princeton or harvard tuition. >> go free to prince to be, harvard. >> i don't all of this stuff is accepted. >> we are telling the truth and keeping those right wing people out. >> bill: even
it is destined to be which is the single greatest nation. >> a few days after the election when republicans lifted -- mitt romney with hispanic voters, something like a 44-point gap. we need to do something on immigration. but it wasn't a couple weeks. republicans already couldn't agree on what needs to be done. how do you get your own party on the same page, let alone with the democrats did was i disagree but i don't think that's what's happened. i think what's happening is, the concept of immigration reform, and a lot of consensus. like every major piece of legislation to need to be examined. i'll give you an example. we have millions waiting to come in legally. a lot of encouragement office. they say we've done it the right way, we've waited. you were telling me that somehow if i can elegantly it would have been faster? it doesn't seem rights of people are troubled by the. that's one example of the kind of debate i think we're going to have. on the ag worker, ma guestworker, there will be a lot of debate in the democratic party. they are our labor workers who are not in favor of a guestw
for the introduction. last week at the right house, we had our first meeting since the election. it was a chance for me to banks -- thank my entire team for their service for keeping the country safe and strong. few have done more than you in that regard. that includes taking care of our remarkable men and women in uniform and their families. keeping our military the best in the world bar none. thank you for being such an outstanding secretary of defense. [applause] i am not here to give a big speech. i wanted to come by and join you in marking the 20th anniversary of one of the country's smartest and most successful national security programs. people in this room conceived it and build it. i want to a knowledge a leader who now helps guide the secretary of defense. thank you for your great work. [applause] you have to think about what real visionaries do. you look at the world and see what is missing. they set out to fill the gap. to build something new. to imagine after decades of confrontation how our nations might engage in cooperation. early in the cold war, einstein warned of the danger of our wi
do well. having said that, welcome again, mr. secretary. just days after the president's re-election, the f.h.a. released its 2012 actuarial report which revealed that the economic value of the f.h.a. fund has fallen to negative $16 billion. a lot of money. that means the fund's capital reserve ratio, as i understand it, now stands at a negative 1.44%. this news is obviously very disturbing to us and to the secretary. for those of us who have long been concerned about the health of the f.h.a. for years the problems of the federal housing administration have been well-known. during the housing boom, the f.h.a. unweissly, i thought, guaranteed -- unwisely, i thought, guaranteed millions of risky mortgages with low down payments to borrowers with poor credit scores. we are reaping that now. these mortgages have resulted in billions of losses to the f.h.a. the federal housing administration has made matters worse, i think, by failing to come to grips with the magnitude, mr. secretary, of the problems. back in 2007, as the federal housing administration's poor financial position was becom
the cause. in the 2010 election cycle, he was one of the strongest voices is he h would a lost our way that we'd lost our way in washington. jim is a kind, sincere man, an individual who is a joy to be around. when it comes to what's going on america, jim undstands that if we don't make some changes we're going to lose our way of life. that's what's driven him above all else, to try to keep our country a place to be place where you can be anything. i look forward to working with jim in the private sector. from a personal point of view, we've had a great ride together. it has been fun. it has been challenging, and i think we put south carolina on the map in different ways at different times, and to people back in south carolina, i hope if you get to see jim anytime soon, just say "thank you." because whether you agree with him or not, he was doing wt he thought was best for south carolina and the united states. at the end of the day, that's as good as it gets. because if you're doing what you really believe in and you're not worried about being the most popular and people getting mad ou
a dozen tea party-like conservatives elected. >> let me jump in, dana. i want to run through them because, you know, when we think senator demint we think of a tea party stronghold within the u.s. senate and helped and also hurt a number of republican candidates. who were they? >> reporter: that's right. great. let's start with the senators now. obviously, who he helped elect. this is the positive side of his millions and his work. marco rubio, pat toomey. very conservative, anti-tax, anti-government purists in the mold of jim demint. however, he also backed in republican primaries a number of republican candidates who simply were not electable according to the republican establishment and the establishment was right. for example, remember christine o'donnell, i'm not a witch, from delaware. ken buck of colorado. and others. so those are some of the reasons why he definitely has ruffled many a-feather with the party leaders and i have to tell you first thing i saw when the senate republican leader mitch mcconnell released a statement today was making the point that demint had, quote, unco
that, welcome again, mr. secretary. just days after the president's re-election, the f.h.a. released its 2012 actuarial report which revealed that the economic value of the f.h.a. fund has fallen to negative $16 billion. a lot of money. that means the fund's capital reserve ratio, as i understand it, now stands at a negative 1.44%. this news is obviously very disturbing to us and to the secretary. for those of us who have long been concerned about the health of the f.h.a. for years the problems of the federal housing administration have been well-known. during the housing boom, the f.h.a. unwisely, i thought, guaranteed millions of risky mortgages with low down payments to borrowers with poor credit scores. we are reaping that now. these mortgages have resulted in billions of losses to the f.h.a. the federal housing administration has made matters worse, i think, by failing to come to grips with the magnitude, mr. secretary, of the problems. back in 2007, as the federal housing administration's poor financial position was becoming clear to all, including right here in this committee,
would note that the president was in cam cambodia after the election, and then he was in burma, and secretary clinton moves throughout the region as well as secretary panetta, and the amount of activities i do and my forces do is a prompt jump than what we did in the past, and we're looking for opportunities to do more exercise. we are doing more of those things already, and that's viz l to the allies. i think it's visible to the partners, and i feel it visible to the region. we oftenment to jump to, well, where's the next aircraft carry your or the submarine. that's the signal. we will, over time, as you've heard secretary panetta say, rebalance towards the pacific, and i mentioned opening remarks. we're rapidly moving the most capable assets into the region because of the ballistic missile defense threats we face and those things, so it's about a holistic approach, and what i do on the military side is just one aspect of it. it's got to be tie into the economic side, what's happening in the diplomatic side, and so we're working hard that accomplishes this strategy. >> a quick
these negotiations. if he really was going to have an about face after the election and really concerned about the legacy, i actually disagree to a certain extent because i think that he thinks the first four years was his legacy. >> yeah. i think you're right to some extent. this is obviously we're speculating here. the president could, this might happen, might be a last minute razzle dazzle here, where he rushes in and they've already kind of agreed to a deal and he didn't get everything he wants, but he gets most of what he wants. he might envision something like that. i'm telling you, when i heard folks like lindsey graham over the weekend say, i don't think there is going to be a deal, that kind of stuck with me and maybe there won't be a deal. i'm not sure that's such a bad thing given what the alternatives are. >> steve: i'm sure you've heard or seen that apparently the republicans doomsday plan, if the talks collapse, allowed the vote on extending the middle tax class tax cuts, the senate passed that back in august, and the republicans would all vote present, then allow the democrats t
to be reformed. for decades we have been electing politicians will tell us what we want to hear, but we cannot pay for the programs we want. until the american people themselves can deal with the truth, we're not going to solve this. contacting our politicians, offering sacrifice of the programs we like is the only solution. until then, politicians will not have the courage to cut the programs that we simply tell them not to touch. host: here is the editorial in the wall street journal this morning -- rick? caller: it's like a bar tab. we are the runs that ran up the bartec. our grandchildren will ultimately have to pay it until we realize we have to stop drinking and start paying the bill, nothing will happen. host: what should happen to tax cuts? caller: it should not be one or the other. it should be all of the above. the rich should go back to the clinton era tax cuts where they did a fantastic. the middle class should pay a portion. everybody should pay something. the big elephant in the room is entitlements. we have to address health care. in the end, like it or not, we will go to a sing
out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic argument right now. if they pull what mark is saying, you are going to see the republican party's numbers in the 20s. they have no leverage on this thing. >> not going to happen. megyn: we'll leave it at that. thank you both. just ahead. a much more somber note. new warning about the sarin gas threat in syria. city drivers claim a class action that the traffic cameras are actually rigged. soot whole world is watching and the president of the united states made clear there will be consequences if the assad regime makes a terrible mistake by using these chemical weapons on their own people. megyn: that was leon panetta with a warning that the united states and our allies will not tolerate a chemical attack by syria. we got reports that they were mixing the chemical weapons earlier this week. focusing new attention on saddam hussein's 1988 massacre of the kurds. thousands of innocent people died in that attack. many of the victims were women and children. i
over 11 million customers in the united states. over the past four years and into the recent election, the issue of health care has been at the center of our nation's great policy debate and implications beyond the health care industry impacting our larger fiscal policy and important social concerns. we are fortunate to have a test today mr. broussard insights on the industry in developing policy. prior to joining humana 2011, mr. broussard, u.s. oncology. large producers and providers of health care products to major health care institutions. that background, mr. brousard brings a broad perspective on health care issues facing our country. mr. broussard holds his undergraduate degree from texas a&m and an mba from the university of houston. were very much looking forward to your comments today. thanks for being here. [applause] >> thank you. well, thank you. i really appreciate the opportunity from each one of you. our nation is actually wrestling -- [inaudible] a large amount of debt the united states is facing. i will outline the challenge we face. i'll also show you some transform
about the fiscal cliff and laying the groundwork for the 2013-2014 election. that is at 10:00 a.m. eastern on c-span. >> in president obama's weekly address, he talks about tax policy, the tax cuts put in place by the previous administration that will expire at the end of the year. then the republican address on the economy, jobs, and education policy. >> hello, everybody. over the last few weeks, there's been a lot of talk about deadlines we're facing on jobs and taxes and investments. but with so much noise and so many opinions flying around, it can be easy to lose sight of what this debate is really about. it's not about which political party comes out on top, or who wins or loses in washington. it's about making smart decisions that will have a real impact on your lives and the lives of americans all across the country. right now, middle-class tax cuts are set to expire at the end of the year. time is running out. and there are two things that can happen. first, if congress does nothing, every family in america will see their income taxes automatically go up on january 1st.
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